Question 21 (1 point) A company has a cost of debt of 7.98%, a cost of common equity of 12.18%, and a cost of preferred stock of 9.08%. All three costs are before taxes. The company has 104,000 shares of common stock outstanding at a market price of $29.30 a share. There are 40,000 shares of preferred stock outstanding at a market price of $42.90 a share. The bond issue has a total face value of $500,000 and sells at 102.0% of face value. The corporate tax rate is 34 %. What is the weighted average cost of capital for this company? 10.24% 10.50% 10.77% 11.03% 11.29%